Vancouver B.C.: TNR Gold Corp. ("TNR") and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") would like to state that the 160 square kilometre Mariana lithium brine project located in the Argentinean province of Salta is unaffected by the recent provincial decree in the province of Jujuy.

Key Highlights:

-Mariana lithium brine project is located in the Province of Salta;

-Decree 7592/11 is restricted to the Province of Jujuy;

-Mariana exploration and potential development remains unaffected; and

-Salta Province considered favorable mining jurisdiction.

Jujuy Provincial Decree

Last week, the governor of the Argentinean Province of Jujuy announced Decree 7592/11 declaring lithium a strategic mineral and proclaiming that all present and future lithium projects must be reviewed by a special expert commission before being approved by local and national authorities.

Mariana Project Unaffected

In the Company’s understanding, Argentinean Provinces and their respective governments operate as relatively independent entities in forming attitudes towards and enacting legislation revolving around exploration and mining activities. Readily observable from province to province is a marked variation in mining regulations as well the actions of one province will not necessitate any reciprocal or conjoint measures in another province.

To this degree, the Company is informing all investors and stakeholders that the Mariana lithium brine project is not located within Jujuy Province and is therefore wholly situated outside of the jurisdiction affected by the decree.

“In the Company’s 20 year experience of supporting a full time exploration office in Argentina and looking back even further, the Province of Salta, in which the Mariana project is situated, has been an example of and is consistently considered a stable mining friendly jurisdiction.” states TNR CEO Gary Schellenberg “I view the Jujuy decree as having no impact on the current exploration as well as the potential future development of the Mariana project.”

The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.

The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates on the progress of the spinout in further news releases. For further details of the spinout, please visit International Lithium's website.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined companies' commitments to generating projects, diversifying its markets, and building shareholder value.

About Me

Legal Disclaimer

Small Print

"Past performance is not a guarantee of future returns."

Bernard Madoff.

All opinions expressed on this Blog are personal opinions of its authors, they do not represent any official position of any companies they can be involved with now, have been involved in the past or will be involved in the future. We have chosen our anonymity as the way to protect our freedom of thinking.

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

There is No intent of any copyright infringement in any way from the authors of this blog, we are relying on the Creative Commons in our work and in case if any owners of any content provided on this blog would like us NOT to use it, please indicate so in comments immediately.

Statements in articles on this blog other than purely historical information, historical estimates should not be relied upon, including statements relating to the companies' future plans and objectives or expected results, are forward-looking statements. News releases contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the companies' business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

This site does not constitute investment, legal, tax or other advice, nor is anything on this site a recommendation to invest in any security, or any other instrument, nor is this site to be relied upon when making investment or other decisions.

No Liability: No representation, warranty or undertaking, express or implied, is made by this Blog, its associated companies or any other person as to the reliability, accuracy or completeness of this site. In no event will authors or any of their associated companies or any of their partners, directors or other employees be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this site or in reliance on it from time to time, including without limitation, any loss of profit, business interruption, loss of programs or data on your equipment or otherwise.

SRSrocco reports on further deterioration of the COMEX Gold inventories available for deliveries. You can guess who is taking now a...

Total Pageviews

Dedicated to all those brave men who have been fighting the bear market in 2000 and buying the dips without understanding that they were looking straight into the abyss. Do not trust your money in anybody, for you are the one who is going to be rich or poor, not those that are advising you: always do your DD. Disclosure: We are putting our money where our mouth is.